It’s that time of year again–year-end tax planning time. You know, the time when you look back to see how the year went and looking toward the end of the year to what you can do to make tax time 2012 (in April 2013) look and feel better.
This year, it’s a bit different as some of the provisions of Section 179 of the tax code were changed for 2012 only and will expire at the end of the year.
“If you want to take full advantage of these business improvement deductions,” Greg Farmer told us,”you need to be taking action well before December 31.”
Greg is the founder and co-owner of Farmer Business Systems, one of North Texas’ most successful Xerox dealers. And he knows what he is talking about.
“We try and look after our customers and Section 179 deductions is a way for us to do that,” Greg said. “By making improvements to your business technology and having them in place by 12/31, you can save significant tax dollars,” Greg continued.
While Section 179 has been in place for some time, this year many of the deduction amounts are changing to lower numbers for tax year 2013. To be sure, consult with your tax adviser.
Greg and his team of office experts can be reached at 972-818-4500 or through their website.
The Office Farmer